The headline rate for June was up from 2.1 per cent the previous month, with food and motor fuel major factors. Yesterday it emerged that consumer inflation in the US had hit 5.4 per cent, well above expectations. The 2.5 per cent headline for June was up from 2.1 per cent the previous month, with food and motor fuel major factors. Jonathan Athow, ONS deputy national statistician for economic statistics, said: 'Inflation rose for the fourth consecutive month to its highest rate for almost three years. 'Some of the increase is from temporary effects – for example, rising fuel prices, which continue to increase inflation, but much of this is due to prices recovering from lows earlier in the pandemic.

Source: The Nation July 14, 2021 06:56 UTC